Robert Kieschnick

Associate Professor - Management
Tags: Financial & Managerial Economics

Professional Preparation

Ph.D. - Finance
University of Texas at Austin - 1987
M.A. - Economics
University of Texas at Austin - 1976
B.A. - Economics
Southern Methodist University - 1972

Research Areas

Research Interests
My research has concerned leverage buyouts, mergers and acquisitions, corporate restructuring, the valuation of companies, corporate working capital management, corporate financing, and the issuance and trading in corporate securities (e.g., IPOs, etc.). 

Publications

Working Capital Management and Shareholder Wealth, 2011, with Mark LaPlante and Rabih Moussawi, forthcoming in the Review of Finance. 2011 - Publication
“On the decision to go public with dual class stock,” 2010, with Onur Arugaslan and Douglas Cook, Journal of Corporate Finance 16, 170-181. 2010 - Publication
“Determinants of financial distress and bankruptcy in highly levered transactions,” 2009, with Paul Halpern and Wendy Rotenberg, Quarterly Review of Economics and Finance 49, 772-783. 2009 - Publication
Regression Analysis of Proportions in Finance with Self-Selection. With Doug Cook and Bruce McCullough. Journal of Empirical Finance. 3.3. Forthcoming. 2008 - Publication
On the Marketing of IPOs. With Doug Cook and Robert Van Ness. Journal of Financial Economics. 82.1. (2006): 35-61. 2006 - Publication
Managerial Shareholdings, Firm Value, and Acquired Corporations. With Paul Halpern and Wendy Rotenberg. Quarterly Review of Economics and Finance. 45.4-5. (2005): 781-795. 2005 - Publication
Product Market Competition, Regulation and Financial Contracts. With Michael Cichello. Quarterly Review of Economics and Finance. 45.1. (2005): 1-17. 2005 - Publication
Monitoring as a Motivation for IPO Underpricing. With Onur Arugaslan and Doug Cook. Journal of Finance. 59.5. (2004): 2403-2420. 2004 - Publication
A Study of Corporate Governance of Thrifts. With Douglas Cook and Arthur Hogan. Journal of Banking and Finance. 28.6. (2004): 1247-1271. 2004 - Publication
Regression Analysis of Variates Observed on (0,1): Percentages, Proportions and Fractions. With B. D. McCullough. Statistical Modelling. 3.3. (2003): 193-213. 2003 - Publication

Appointments

Associate Professor
University of Texas at Dallas, [2005–Present]
Assistant Professor
University of Texas at Dallas, [1999–2005]
Senior Economist
Federal Communications Commission [1994–1999]
Assistant Professor
George Mason University [1990–1994]
Assistant Professor
University of Manitoba [1987–1990]
Assistant Instructor
University of Texas at Austin [1986–1987]
Senior Financial Analyst
Southern Union Gas Company [1984–1986]
Manager
Texas Energy and Natural Resources Advisory Council [1979–1984]
Project Manager
Southwest Econometrics, Inc. [1978–1979]
Principal Investigator
Research & Planning Consultants, Inc. [1976–1978]

Additional Information

Work Experience
  • University of Texas at Dallas, 2005 to present, Associate Professor, Finance and Managerial Economics – serving as area coordinator for the finance and managerial economics group and responsible for teaching courses on corporate finance and related topics.
  • University of Texas at Dallas, 1999 to 2005, Assistant Professor, Finance and Managerial Economics – responsible for teaching courses on introductory and advanced financial management (undergraduate and MBA), introductory managerial economics (MBA), and Ph.D. seminars
  • Federal Communications Commission, 1994 to 1999, Senior Economist – responsible for analysis on a range of issues, from spectrum valuation to the evaluation of communications mergers
  • George Mason University, 1990 to 1994, Assistant Professor, Department of Finance – responsible for teaching courses on microeconomics (MBA), macroeconomics (MBA), introductory financial management (undergraduate, MBA), advanced financial management (undergraduate, MBA), and derivative securities (undergraduate)
  • University of Manitoba, 1987 to 1990, Assistant Professor, Department of Accounting and Finance – responsible for teaching courses on introductory financial management (undergraduate, MBA), advanced financial management (undergraduate, MBA), and derivative securities (undergraduate, MBA)
  • University of Texas at Austin, 1986 to 1987, Assistant Instructor, Department of Finance – responsible for teaching course on financial institutions (undergraduate)
  • Southern Union Gas Company, 1984 to 1986, Senior Financial Analyst - responsible for development of cost of service studies, rate designs, demand forecasts, and acquisition/divestiture analyses
  • Texas Energy and Natural Resources Advisory Council, 1979 to 1984, Manager (Energy Data, Modeling, and Forecasting Group) - responsible for the design and management of energy databases and modeling systems for policy analysis and forecasting
  • Southwest Econometrics, Inc., 1978 to 1979, Project Manager - project to estimate the social returns to investment in new energy technologies; Research Associate - project to analyze effects of domestic airline industry deregulation
  • Research & Planning Consultants, Inc., 1976 to 1978, Principal Investigator - project to develop a database and modeling system of the Texas Coastal Economy for state development planning
  • University of Texas at Austin, 1974 to 1976, Assistant Instructor, Department of Economics – responsible for teaching undergraduate introductory microeconomics course
  • Mitchell, Ratner, and Smith, 1972 to 1974, account manager – handled problem loans for over 110 Texas credit unions.
External Funding for Original Research
  • Three year research grant (2000-2003) from the Social Science and Humanities Research Council, Canada to study Canadian dual class firms, with Paul Halpern and Wendy Rotenberg
  • Summer research grant, 2001, National Cable Television Association, to study the effect of household income on the diffusion of cable, with Bruce McCullough.
Professional Memberships
  • Phi Kappa Phi
  • Houston Society of Financial Analysts (1986), first place graduate student prize for paper, "Corporate Restructuring: A Framework for Analysis and Review of Empirical Studies". 
  • Teppo Martikainen Best Paper Award of the Multinational Finance Society (2001) for “Management Shareholderings in Acquired Corporations,” with Paul Halpern and Wendy Rotenberg.

News Articles

New Grad Program Fills Growing Need for Managing Financial Risk
Dr. Robert Kieschnick, an associate professor of finance in the Naveen Jindal School of Management, often looks at risk from a company vantage point — surveying bottom lines and future prospects  — or in industry terms — seeing immediate opportunities weighed against long-term hazards or gains looming in the economy.

Now, he is pouring his expertise in these areas into a new degree program — a Master of Science in Financial Engineering and Risk Management. Its graduates will be well-prepared to assess, manage and mitigate risk for a variety of employers.

“Risk is unavoidable,” Kieschnick said. “The question becomes what risks should you take, what risks should you mitigate and, if so, how?”